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Middlesex Massachusetts online Form 8879-EO: What You Should Know

Net investment gains — Net investment gain is taxed. • Married couples filing jointly — Exemptions, deduction and IRA income are taxable. • Married single taxpayers, not filing a joint return — Exemptions, deduction and IRA income are taxable. • Unmarried individuals (single and not filing) who had earned income for the year are taxed at their filing status's ordinary income tax rates. • Unmarried individual taxpayers who did not have earned income for the year are taxed at their filing status's lower alternative minimum tax rates. • Married couples filing jointly — Taxable income is 150,000 or less, net IRA income is 75,000 or less • Married single taxpayers, not filing a joint return — Taxable income is 150,000 or less, net IRA income is 75,000 or less • Unmarried individuals, filing separately — Taxable income is 75,000 or less, net IRA income is 50,000 or less • Unmarried individual taxpayers, filing separately — Taxable income is 75,000 or less, net IRA income is 50,000 or less • Married couples filing jointly — Taxable income is 300,000 or less and net IRA income is 150,000 or less with no spouse deduction amount • Married single taxpayers, not filing a joint return — Taxable income is 300,000 or less and net IRA income is 150,000 or less and no spouse deduction amount is taxable • Unmarried individuals, filing separately — Taxable income is 300,000 or less and net IRA income 150,000 or less with no spouse deduction amount is taxable.

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